Vornado Sells Partial Stake in 2 Prime DC Office Assets to Canadian Pension Fund Manager
October 20th, 2010Vornado Realty Trust formed a new partnership with Canada Pension Plan Investment Board in which Vornado sold a 45 percent common ownership interest in two of its Washington, DC, office properties–the Warner Building at 1299 Pennsylvania Ave. and 1101…
Irish Crisis Felt in London
October 20th, 2010The loans on three luxury London hotels have been transferred to Ireland’s state-loan agency, but the owner says the hotels are profitable and it is current on payments.
New Boston Fund Lands 105,137-SF Amadeus Lease After Recapitalizing Miami Building
October 20th, 2010Amadeus North America, a technology provider for airlines, airports, travel agents and othe travel-related services, leased 105,137 square feet at One Park Square at Doral in Doral, FL. Occupancy is scheduled for fall of next year.
The Class A office…
New Boston Fund Lands 105,137-SF Amadeus Lease After Recapitalizing Miami Building
October 20th, 2010Amadeus North America, a technology provider for airlines, airports, travel agents and othe travel-related services, leased 105,137 square feet at One Park Square at Doral in Doral, FL. Occupancy is scheduled for fall of next year.
The Class A office…
Lease Down: Nation’s Foreclosure Mess Takes Toll on Process Servers
October 19th, 2010DJSP Enterprises Inc., one of the largest provider of processing services for the mortgage and real estate industries in Florida and one of the largest in the United States, instituted staff reductions as a result of reduced file volumes.
DJSP has…
Lease Up: Intel, GE To Bolster U.S. Manufacturing Operations
October 19th, 2010Two U.S. Fortune 500 manufacturing firms announced plans this week to expand their U.S. operations: GE and Intel Corp.
Intel Corp. announced the largest investment plans expecting to spend between $6 billion and $8 billion on future generations of…
Caution on REIT Earnings
October 19th, 2010As earnings season gets under way for real estate investment trusts, analysts are warning it isn’t going to be pretty.
Old Firm, Upstart Square Off
October 19th, 2010Two executives who worked much of their careers together at W.P. Carey had a falling out. Now, one is starting a sale-and-lease-back company in direct competition with his former mentor.
FDIC to Shed Some Real-Estate Assets
October 19th, 2010The agency plans to bundle and sell some hard-to-value property loans as commercial mortgage-backed securities to the private sector.
A Bellwether Buy in the Bay Area
October 19th, 2010Buyout shop Fortress acquired an apartment complex in San Francisco in what may be a preview of how troubled but promising real-estate deals will get resolved.
